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for working capital do you recommend a lump sum personal loan or a line of credit?

my operating expenses are estimated at 5k a month.

all input is appreciated.

This message has been edited. Last edited by: california,

I would say, check out interest rates (rates and how they are calculated) on two loans and see which one would be cheaper if you used full amount. Unless I am missing something here, there is no real advantage from one to the other. Usually line of credits are like credit cards the way the interest is calculated, could cost way more if you don't pay it off quickly. If you are smart enough to keep personal and business separate you could look into a home equity loan-then you could write off the interest and get a pretty good rate to boot, but be aware rates are on the rise. Have you looked into an investor?

If you need a loan, try here:

www.limousineloans.com

if you work unrelentingly hard, then failure is not an option.

quote:

Originally posted by california:

quote:

Originally posted by Dean Schuler:
Do you have any contract work lined up to roll the vehicle ? If not-why did you purchase it ? A personal loan is fine but you want to be positioned so the unit is a revenue generating dynamo, not a revenue deficit unit. You will want to turn a profit quickly. Disposable income among the higher demographic is just fine right now. Some groups don't feel economic pain-those are the customers you want.

thanks dean,

i haven't bought/leased the vehicle yet. im setting up my marketing scheme as we speak.



they say that the fear of failure is greater than the desire to succeed.

quote:

Originally posted by Dean Schuler:
Do you have any contract work lined up to roll the vehicle ? If not-why did you purchase it ? A personal loan is fine but you want to be positioned so the unit is a revenue generating dynamo, not a revenue deficit unit. You will want to turn a profit quickly. Disposable income among the higher demographic is just fine right now. Some groups don't feel economic pain-those are the customers you want.

thanks dean,

i haven't bought/leased the vehicle yet. im setting up my marketing scheme as we speak.



they say that the fear of failure is greater than the desire to succeed.

Do you have any contract work lined up to roll the vehicle ? If not-why did you purchase it ? A personal loan is fine but you want to be positioned so the unit is a revenue generating dynamo, not a revenue deficit unit. You will want to turn a profit quickly. Disposable income among the higher demographic is just fine right now. Some groups don't feel economic pain-those are the customers you want.

quote:

Originally posted by J.Scott:
Great economy for a flying spur. Peoples disposable income is great right now.

thank you, but you didnt answer the question

Great economy for a flying spur. Peoples disposable income is great right now.